1. Acquired \\( \\$ 88,000 \\) cash from the issue of common stock. 2. On February 1, Year 1, Xavier Sporting Goods purchased merchandise inventory for \\( \\$ 53,000 \\) on account from True Sports Incorporated. 3. On February 15, Year 1, Xavier Sporting Goods returned \\( \\$ 24,000 \\) worth of merchandise inventory to True Sports Incorporated. Required: Use a horizontal financial statements model to show how each event affects the balance sheet, income statement, and statement cash flows. More specifically, record the amounts of the events into the model. Also, in the Statement of Cash Flows column, classif the cash flows as operating activities (OA), investing activities (IA), or financing activities (FA). The first transaction is shown as an example. Note: Enter any decreases to account balances and cash outflows with a minus sign. Leave cells blank if no input is needed